FIA seeks new Formula 1 team entry for as soon as 2016

The FIA is seeking to bolster the Formula 1 grid, after opening up a new selection process to get another team competing in 2016 or 2017

Against the backdrop of concern for the long term health of the grid, following the collapse of Caterham at the end of last season, the FIA has invited candidate teams to apply.

In a statement published on the FIA website on Thursday night, motor racing's governing body said it wants to entice an outfit that will have a secure future.

Long term interests

“Having due regard for the sustainability and future success of the Formula 1 world championship, the FIA has opened a new selection process to identify a candidate team to participate in the championship from the start of the 2016 or the 2017 season,” said the FIA.

“The overall long-term interests of the championship will determine which candidate is selected.”

Decision by September

The FIA has said that the criteria for selecting the teams will be given to those outfits that express an interest in applying before June 30.

Due diligence of the candidates will be undertaken, which will evaluate the technical ability and resources of the outfit, its funding possibility, experience and the value it will bring F1.

A decision will be made on September 30. If no team satisfies the criteria, then no additional entry will be granted.

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Series Formula 1
Article type Breaking news